Inspire 100 ETF (NYSEARCA:BIBL) Sees Significant Growth in Short Interest

Inspire 100 ETF (NYSEARCA:BIBL) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 61,906 shares, a growth of 88.6% from the July 30th total of 32,832 shares. Based on an average daily trading volume, of 44,040 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.7% of the shares of the stock are short sold.

Inspire 100 ETF Trading Up 0.2%

Shares of NYSEARCA:BIBL opened at $55.54 on Tuesday. The company has a 50 day moving average of $55.89 and a 200-day moving average of $52.95. The firm has a market cap of $488.75 million, a P/E ratio of 25.68 and a beta of 1.11. Inspire 100 ETF has a twelve month low of $42.45 and a twelve month high of $58.17.

Institutional Investors Weigh In On Inspire 100 ETF

A number of institutional investors have recently added to or reduced their stakes in BIBL. RMG Wealth Management LLC bought a new position in Inspire 100 ETF during the 1st quarter valued at $1,316,000. Root Financial Partners LLC bought a new stake in shares of Inspire 100 ETF in the 1st quarter worth $94,000. AdvisorNet Financial Inc bought a new stake in shares of Inspire 100 ETF in the 1st quarter worth $42,000. Nations Financial Group Inc. IA ADV lifted its holdings in shares of Inspire 100 ETF by 18.6% in the first quarter. Nations Financial Group Inc. IA ADV now owns 81,087 shares of the company’s stock valued at $3,823,000 after buying an additional 12,718 shares during the period. Finally, Continuum Advisory LLC lifted its holdings in shares of Inspire 100 ETF by 6.5% in the fourth quarter. Continuum Advisory LLC now owns 6,085 shares of the company’s stock valued at $275,000 after buying an additional 370 shares during the period.

Inspire 100 ETF Company Profile

The Inspire 100 ESG ETF (BIBL) is an exchange-traded fund that is based on the Inspire 100 index, a market-cap-weighted index of large-cap US stocks, selected based on a proprietary definition of biblical values. BIBL was launched on Oct 30, 2017 and is managed by Inspire.